The Treasury’s expenses and resources, based on the revenues collected and the expenses issued, show a budget deficit of 14.4 billion dirhams by the end of June 2022, against a 27.3 billion dirham deficit during the same period a year before, the Kingdom’s General Treasury (TGR) has announced.
This deficit takes into account a positive balance of MAD 27.1 billion generated by the Treasury’s special accounts (CST) and the independently managed state services, the TGR showed in its June 2022 Monthly Bulletin of Public Finance Statistics.
The gross regular revenue amounted to 147.4 billion dirhams in the first half of this year, i.e an 18.7% increase, following the increase in direct taxes of 30.1%, customs duties (+22.2%), indirect taxes (+15.2%) and registration and stamp duties (+15.8%), combined with an 11.1% decline in non-tax revenue, said the same source.
Expenditure issued under the general budget amounted to MAD 217.8 billion, i.e. a 16.8% increase compared to June 2021, the TGR added, reporting a 16.1% increase in operating expenditure, a 23.7% rise in investment expenditure and a 13.4% increase in budgeted debt charges.
Based on revenues collected and expenditures issued, the regular balance recorded at the end of June 2022 was negative by 1.9 billion dirhams as against a negative balance of MAD 7.4 billion a year before.
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